vmError: JLIB_DATABASE_ERROR_PLEASE_ENTER_YOUR_NAME

[sniperseal7]

Just installed Virtue Mart (Newest edition) on my Joomla 1.6
I am getting an error when I try to update the store name and currency, vmError: JLIB_DATABASE_ERROR_PLEASE_ENTER_YOUR_NAME.

When I save it, it doesn't save, and gives this error: vmError: JLIB_DATABASE_ERROR_PLEASE_ENTER_YOUR_NAME

What am I doing wrong?

Thanks in advance